Apple's Fine Even as It's About to Die

NEW YORK ( TheStreet) -- Will Apple report six or seven billion iPhones sold in the most recent quarter? Will it count a trillion or a gazillion in revenue? Will its margins come in at 99.9 or 99.75%?

You can get real numbers on all of that and more -- because plenty of people, for good reason, want those numbers -- right here at TheStreet. They matter, but only if you're trading the stock (please be careful) or stewing over a long position and have put yourself in the somewhat irresponsible spot of deciding what to do with it during one of the potentially most volatile times of the year.

Because, there's no question about it, the sell-off in AAPL, assuming you judge the company on its present dominance, is way overdone. You mean to tell me that the competition is so fierce and formidable that it justifies an implosion in Apple?

No way. For as successful as Samsung and Google have been, they play a completely different game than Apple. They gobble up marketshare; that's not the Apple way, nor should Tim Cook or whoever ends up CEO make it the Apple way.

But Apple doesn't trade on the basis of what it is now, it trades on the basis of what people think it can or will be tomorrow. And that's a forecast shrouded in uncertainty. We all know why. The elephant has left the room; now there's a whole chorus of bandwagon jumpers making talk of Tim Cook's ouster go mainstream.

It very well could be the case that all of this talk about Cook's ability and innovation stagnation at Apple is, as AAPL permabulls like to call it, FUD (fear, uncertainty, doubt). I think there's something to it, however, as always, I reserve the right to be wrong. In fact, I hope I am.